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CBOT Trends-Wheat up 7-9 cents, corn up 3-5, soybeans up 5-15

ReutersMar 12, 2026 1:11 PM

- The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Thursday:

WHEAT - Up 7 to 9 cents per bushel

  • Wheat turned higher on the escalating U.S.-Israel war with Iran. Wheat is often sensitive to geopolitical turmoil.

  • The U.S. Department of Agriculture reported net weekly U.S. wheat export sales for 2025/26 for the week ended on March 5 at 495,800 metric tons, above a range of analyst estimates.

  • CBOT May soft red winter wheat WK26 was last up 9-1/4 cents at $6.04 per bushel. K.C. May hard red winter wheat KWK26 was last up 7-3/4 cents at $6.21-3/4 per bushel, while Minneapolis May spring wheat MWEK26 was up 5-1/4 cents at $6.43-1/4 per bushel.

CORN - Up 3 to 5 cents per bushel

  • Corn also rose, with the strength in crude again offsetting a backdrop of ample global grain supplies.

  • The U.S. Department of Agriculture reported net weekly U.S. corn export sales for 2025/26 for the week ended on March 5 at 1,503,800 metric tons, on the low end of a range of analyst estimates.

  • CBOT May corn CK26 was last up 5-1/2 cents at $4.65-3/4 per bushel.

SOYBEANS - Up 5 to 15 cents per bushel

  • Chicago soybeans rose for a third consecutive session on Thursday, as crude oil climbed further following Iranian attacks that deepened fears of a protracted Middle East conflict.

  • Higher crude prices can support soybeans as soyoil is widely used to produce biodiesel fuel.

  • Investors are also watching for further indications about Chinese demand for U.S. soybeans ahead of a planned visit to China by U.S. President Donald Trump at the end of the month.

  • The U.S. Department of Agriculture reported net weekly U.S. soybean export sales for 2025/26 for the week ended on March 5 at 466,200 metric tons, in line with analyst estimates.

  • CBOT May soybeans SK26 were last up 15-1/4 cents at $12.29-1/4 per bushel.

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